WYOMISSING, Pa., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI ) (the "Company"), announced today the completion of the previously announced sale of GLPI''s non-land real estate assets and PENN Entertainment, Inc.''s (NASDAQ: PENN ) outstanding equity interests in Tropicana Las Vegas Hotel and Casino, Inc. to Bally''s Corporation (NYSE: BALY ) ("Bally''s"). GLPI will receive net proceeds of approximately $145 million in cash after fees and expenses. Pursuant to the terms of the original agreement, GLPI retained its ownership of the land and concurrent with the closing, entered into a 50-year ground lease with Bally''s, subject to extension upon Bally''s achieving a capital investment threshold, for an initial annual rent of $10.5 million. The ground lease will be supported by a Bally''s corporate guarantee and cross-defaulted with the Bally''s Master Lease with GLPI. The Tropicana Las Vegas Hotel and Casino is located in Las Vegas, Nevada on a 35-acre parcel on the corner of Tropicana Boulevard and Las Vegas Boulevard.
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Gaming and Leisure Properties, Inc. (GLPI) garnered a bullish initiation from JMP Securities on Friday as the analysts applaud the company’s growth plan.
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Gaming & Leisure Properties (GLPI) appears to be a safe bet for investors, according to RBC Capital Markets analyst Brad Heffern.
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Baron Funds, an asset management company, released its “Baron Partners Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The fund declined 30.55% in the second quarter compared to a 21.07% decline in the Russell Midcap Growth Index. In addition, you can check the top 5 holdings of the […]
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Gaming and Leisure Properties (NASDAQ:GLPI) declares $0.705/share quarterly dividend, in line with previous.Forward yield 5.84%Payable Sept. 30; for shareholders of record Sept.
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Rising interest rates and recession fears have put pressure on the real estate space, creating an opportunity in these REITs to Buy. Crown Castle International ( CCI ): Cell tower REIT with a 3.63% forward yield and appreciation potential. City Office REIT ( CIO ): This office building REIT, which yields 6.76% today, may be oversold, based on its current valuation. Farmland Partners ( FPI ): It’s not too late to stake a claim, and add exposure to rising farmland prices. Gaming and Leisure Properties ( GLPI ): This casino REIT (forward yield of 6.04%) could be more resilient than it seems at first glance. Postal Realty Trust ( PSTL ): With a 6.41% forward dividend yield, PSTL is a big player in a real estate niche (post offices) that’s yet to see a big consolidation wave. Sabra Health Care REIT ( SBRA ): Slowly recovering from the pandemic, Sabra may be able to maintain its high 8.68% dividend. Simon Property Group ( SPG ): Possibly oversold, this REIT that owns high-quality malls currently yields 7.04%.
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Gaming and Leisure Properties, Inc. (GLPI) signed a deal with Bally''s Corporation (BALY) to acquire its two Rhode Island casino properties worth $1 billion. Bally will immediately lease back both properties and will continue to maintain ownership and control of all the gaming operations of the facilities. Based in Wyomissing, Pennsylvania, Gaming and Leisure Properties is a real estate investment trust (REIT) specializing in casino properties. With a portfolio of 55 premier gaming assets geographically diversified across 17 states across the U.S., it is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements.
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CBRE Equity Research weighed in on the deal struck by Gaming and Leisure Properties (GLPI) to acquire the real property assets of Bally''s (BALY) two Rhode Island casino properties for…
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Gaming and Leisure Properties (GLPI) said on Wednesday that its previously announced underwritten public offering to sell 6.9M shares of common stock has been priced for total…
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Gaming and Leisure Properties (GLPI) stock is dropping 3.5% in Tuesday after-hours trading after the casino and resort REIT starts an offering to sell 6.9M shares of common stock to…
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Gaming and Leisure Properties (GLPI) agreed on Tuesday to acquire the real property assets of Bally''s (BALY) two Rhode Island casino properties for $1.0B, then will immediately lease…
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Acquisition Expected to be Immediately Accretive at Closing; Further Diversifies Company''s Nationwide Footprint Transaction to be Completed at 7.6% Capitalization Rate WYOMISSING, Pa., June 28, 2022 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI ) ("GLPI" or "the Company") announced today that it has entered into a binding term sheet with Bally''s Corporation (NYSE: BALY ) ("Bally''s") to acquire the real property assets of Bally''s two Rhode Island casino properties – Bally''s Twin River Lincoln Casino Resort ("Lincoln") and Bally''s Tiverton Casino & Hotel – subject to customary regulatory approvals with Bally''s Twin River Lincoln Casino Resort also subject to lender consent. Pursuant to the terms of the transaction, Bally''s will immediately lease back both properties and continue to own, control, and manage all the gaming operations of the facilities on an uninterrupted basis. Total consideration for the acquisition is $1.0 billion and GLPI expects the transaction to be accretive to earnings upon closing in late 2022.
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Jefferies reiterated a Buy rating on Gaming and Leisure Properties (GLPI). Analyst David Katz and team said the thesis on GLPI for increased M&A activity is playing out
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GLPI earnings call for the period ending December 31, 2021.
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This move is a reversal from the day prior, which saw price move up. The post Gaming & Leisure Properties Inc (GLPI): Price Down $-0.26 (-0.55)% Over Past Day, Up $0.08 (0.17)% Over Past Hour appeared first on ETF Daily News .
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WYOMISSING, Pa., June 29, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2021 second quarter financial results after the market close on Thursday, July 29, 2021. The Company will host a conference call at 10:00 a.m. ET on Friday, July 30, 2021.
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Reading Time: 2 minutes Dover Downs owner Ballys Corporation has a lot on its plate these days, including a recent deal that offloads the Delaware casinos real estate. Gaming and Leisure Properties is buying the real estate associated with Ballys Dover Downs casino for $144 million. The company will lease lease the property back to Ballys for $12 million per year, subject to an escalation clause. The [] The post Dover Downs owner Ballys engineers sale-leaseback of Delaware propertys real estate appeared first on Delaware Business Now .
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Related Stocks: GLPI ,
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WYOMISSING, Pa., June 04, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI ) (the "Company"), today announced the completion of its previously announced transaction to acquire the land and real estate assets of Tropicana Evansville from Caesars Entertainment (NASDAQ: CZR ) ("Caesars") and The Dover Downs Hotel and Casino from Bally's Corporation (NASDAQ: BALY ) ("Bally's") for an aggregate purchase price of approximately $484.0 million in cash. The Company funded the transaction with cash on hand which was in part generated by its equity raise completed on October 29, 2020. Simultaneous with the closing of the transaction, the Company entered into a triple-net master lease agreement with Bally's. The master lease has an initial total annual cash rent of $40.0 million and an initial term of 15 years with four 5-year tenant renewal options, as well as annual lease escalation terms based on the Consumer Price Index, with a 1% floor and 2% ceiling, subject to CPI meeting a .5% threshold.
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WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (PENN: Nasdaq)(Penn National or the Company) announced today that it has received final approval from the Maryland Lottery and Gaming Control Commission (Commission) to acquire the operations of Hollywood Casino Perryville. Penn National entered into a definitive agreement with Gaming and Leisure Properties, Inc. (GLPI: Nasdaq) (GLPI) in December 2020 to acquire the operations of Hollywood Casino Perryville for $31.1 million i
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Gaming and Leisure Properties, Inc. Declares an increased Second Quarter 2021 Cash Dividend of $0.67 Per GlobeNewswire
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WYOMISSING, Pa., May 20, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the Company), announced today that the Companys Board of Directors declared the second quarter 2021 cash dividend of $0.67 per share of its common stock, an increase of $.02 per share per quarter, or 3 percent. The dividend is payable on June 25, 2021 to shareholders of record on June 11, 2021.
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With EPS Growth And More, Gaming and Leisure Properties (NASDAQ:GLPI) Is Interesting Yahoo Finance
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Private Advisor Group LLC bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the first quarter, HoldingsChannel reports. The firm bought 6,222 shares of the real estate investment trusts stock, valued at approximately $264,000. Several other institutional investors have also recently bought and sold shares of GLPI. Norges Bank purchased []
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Bally's Corp (NYSE: BALY ) has acquired the iconic Tropicana Las Vegas from the real estate investment trust Gaming and Leisure Properties Inc (NASDAQ: GLPI ) for $308 million. What Happened: As part of the transaction, the Providence, Rhode Island-headquartered Bally's has entered into a sale-and-leaseback transaction with GLPI relating to Bally's Black Hawk in Colorado and its Rock Island, Illinois, casino properties for a cash purchase price of $150 million payable by GLPI. According to the companies, the lease will have initial annual fixed rent of $12 million, subject to increase over time. The Tropicana first opened in 1957 and is based on a 35-acre parcel. The property encompasses 1,470 guest rooms, 50,000 square feet of casino space with 1,000 gaming positions, a 1,200-seat theater and a 100,000-square-foot convention and meeting space. "Landing a preeminent spot on the Las Vegas Strip is a key step for us," said Bally's President and CEO George Papanier. "The Strip is visited by over 40 million players and guests per year, which we believe will significantly enhance Bally's …
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Host Hotels & Resorts (NASDAQ:HST) and Gaming and Leisure Properties (NASDAQ:GLPI) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, dividends, institutional ownership, earnings, valuation, profitability and analyst recommendations. Earnings & Valuation This table compares Host Hotels & Resorts and Gaming […]
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Gaming and Leisure Properties Inc. shares closed today at 1.9% below its 52 week high of $45.09, giving the company a market cap of $10B. The stock is currently up 4.7% year-to-date, up 4.5% over the past 12 months, and up 133.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 2.5%. Trading Activity Trading volume this week was 123.8% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.1% The company's stock price performance over the past 12 months lags the peer average by -94.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -99.2% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Gaming and Leisure Properties Inc. shares closed today at 1.1% below its 52 week high of $44.89, giving the company a market cap of $10B. The stock is currently up 4.2% year-to-date, down 3.0% over the past 12 months, and up 140.1% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 2.1%. Trading Activity Trading volume this week was 132.6% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.8% The company's stock price performance over the past 12 months lags the peer average by -106.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -99.2% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Summary List Placement This past year has been a wild ride for the stock market. And it is mostly due to the pandemic that has caused sharp market movements, double-digit gains in some stocks, and an increase in retail trading. While the entire market was impacted by the pandemic, stocks in industries like restaurants, retail, commercial real estate, and airlines weren't as lucky as the tech names that saw their prices soar to record highs and into bubble territory . As a matter of fact, shares of renowned names like Apple and Amazon saw increases of up to 70% in their share prices in 2020. Tesla 's stock went up 740% that same year. But as many continue to crowd into the tech sector, it opens up an opportunity to invest in some of the unloved sectors that are primed to rebound this year. With the increasing prospect of the economy reopening this year on the back of two immensely effective vaccines and one offering good protection, stocks in the airline and REITs sectors have the potential to make a comeback and rise.
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WYOMISSING, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2020 fourth quarter financial results after the market close on Thursday, February 18, 2021. The Company will host a conference call at 9:00 a.m. ET on Friday, February 19, 2021. During the… Read More »Gaming and Leisure Properties, Inc. Schedules Fourth Quarter 2020 Earnings Release and Conference Call
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WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it entered into a definitive agreement with Gaming and Leisure Properties, Inc. (GLPI: Nasdaq) (“GLPI”) to acquire the operations of Hollywood Casino Perryville in Maryland for $31.1 million in cash, subject to certain customary working capital adjustments. Simultaneous with the closing of the transaction, Penn National will enter into a lease with GLPI for the rea
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WYOMISSING, Pa., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (the "Company" or “GLPI") (NASDAQ: GLPI), today announced that it…
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RENO, Nev. and LAS VEGAS, Oct. 27, 2020 /PRNewswire/ -- Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars" or "CZR") today announced a definitive agreement to sell Tropicana Evansville to Gaming and Leisure Properties and Twin River Worldwide Holdings for $480 million in cash, subject…
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Equities analysts predict that Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) will report sales of $279.80 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Gaming and Leisure Properties’ earnings. The lowest sales estimate is $270.85 million and the highest is $285.21 million. Gaming and Leisure Properties posted sales of […]
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Gaming and Leisure Properties (NASDAQ:GLPI) will be announcing its earnings results after the market closes on Tuesday, October 27th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link. Gaming and Leisure Properties (NASDAQ:GLPI) last released […]
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Gaming and Leisure Properties (NASDAQ:GLPI) Senior Vice President and Chief Financial Officer Steven T. Snyder will step down Aug. 31, 2020. The REIT has h
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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) stock has been soaring more than 40% over the past two years but what might make it an even more attractive buy is its dividend. Currently paying shareholders a quarterly dividend of $0.70, you can …
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Tesla, Eldorado Resorts, Dick???s Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day
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While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull
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Deutsche Bank set a $46.00 target price on Gaming and Leisure Properties (NASDAQ:GLPI) in a report released on Monday morning, Stock Target Advisor reports. The firm currently has a buy rating on the real estate investment trust’s stock. A number of other equities analysts also recently issued reports on GLPI. ValuEngine downgraded shares of Gaming […]
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The market has been volatile in the last few months as the Federal Reserve continued its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage
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Gaming and Leisure Properties (GLPI) plans to utilize net proceeds from the unsecured senior note issuance to be $1,087.9 million, which will be used to repay specific outstanding debt balances.
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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q1 2019 Results Earnings Conference Call May 07, 2019 09:00 AM ET Company Participants Joe Jaffoni - Investor
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GLPI earnings call for the period ending March 31, 2019.
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Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of 0.00% and -0.22%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
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